BYD, the Chinese EV maker, has been in the spotlight with varying reactions. Despite experiencing its worst stock selloff in two months following an earnings miss, optimism remains. Wall Street favours it as a strong buy for May 2024 with traders anticipating a rebound in the EV market. High-profit margin and surges have affirmed BYD's strong market stance. Cathie Wood's Ark Invest purchase of BYD shares hints at significant growth potential. Notably, the EV race is tightening, with Nio striking a battery deal with BYD and Tesla rivals reporting escalating April sales. Amidst the fierce price war, some analysts foresee BYD emerging as a winner. Reports also indicate that BYD is contemplating a second Europe plant as part of their global expansion. However, other analysts caution of a perceived peak in BYD's performance, evidenced by Warren Buffet's Berkshire selling down its BYD stake. Furthermore, BYD's new $233450 EV supercar aims to rival established players like Ferrari and Lamborghini. But as the world's top EV maker, short sellers have now set their sights on BYD as the rivalry intensifies.
BYD Stocks News Analytics from Tue, 14 Nov 2023 08:00:00 GMT to Mon, 20 May 2024 01:43:00 GMT -
Rating 4
- Innovation -1
- Information 6
- Rumor -2
